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The comparative balance sheets and income statements for Gypsy Company follow. Additional Data 1. During Year 2 , the company sold equipment for $18,082, it

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The comparative balance sheets and income statements for Gypsy Company follow. Additional Data 1. During Year 2 , the company sold equipment for $18,082, it had originally cost $28,100. Accumulated depreciation on this equipment was $10,668 at the time of the sale. Also, the company purchased equipment for $7,410 cash 2. The company sold land that had cost $4,660. This land was sold for $4,600, resulting in the recogntion of a $60 loss Also, common stock was issued in exchange for title to land that was valued at $11,800 at the time of exchange 3. Paid dividends of $10,270 Required Prepare a statement of cash flows using the indirect method. (Cash outfiows should be indicated with a minus sign.)

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